The Future of Employment

According to most of the great minds of the century, including Stephen Hawking, Elon Musk, Google’s Chief Ray Kurzweil, or as outlined in the recent study of the McKinsey Global Institute,1 robotics or artificial intelligence (AI) in one form or another will replace most jobs.2 Hawking predicts machines will have replaced humans in 100 years. According to a survey of a broad section of AI experts, AI will probably take over most jobs in the next 50 years.3 The World Bank estimates 57 percent of jobs could be automated within the next 20 years. There seems to be little dispute about the event, only differences of opinion on the timeframe. The question then becomes, what is to be done about it? No one seems to ...

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